AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,607 shares, a drop of 69.1% from the August 15th total of 5,201 shares. Based on an average daily volume of 1,161 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF
A hedge fund recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 91.13% of the company’s stock.
AdvisorShares Gerber Kawasaki ETF Stock Up 1.2%
NYSEARCA:GK traded up $0.34 during midday trading on Friday, reaching $28.78. The stock had a trading volume of 2,131 shares, compared to its average volume of 1,309. The stock has a market cap of $31.37 million, a P/E ratio of 10.10 and a beta of 1.38. The firm has a fifty day simple moving average of $28.84 and a two-hundred day simple moving average of $27.63. AdvisorShares Gerber Kawasaki ETF has a 12-month low of $22.69 and a 12-month high of $30.20.
AdvisorShares Gerber Kawasaki ETF Company Profile
The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.
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